Future Industry Insights (FMI) has forecasted that the global X-by-wire Industry experienced year-on-year growth of 13.9% in 2022, reaching approximately USD 39 billion by the end of the year. The popularity of electronic components and circuits is increasing due to their technical capabilities, which enable a variety of integrated functions and features while reducing vehicle weight. Objectives in the development of new transportation systems include downsizing engines, replacing mechanical parts with electrical alternatives, transmitting request information electronically, and establishing integrated control systems. The global Industry is expected to achieve a value CAGR of 16% from 2022 to 2027.
The X-by-Wire Industry is revolutionizing the automotive sector by replacing traditional mechanical and hydraulic systems with advanced electronic control systems. X-by-Wire technology encompasses steering-by-wire, brake-by-wire, throttle-by-wire, and shift-by-wire systems, enabling precision, safety, and flexibility in vehicle operations.
This innovation is pivotal to the development of autonomous and electric vehicles, as it reduces vehicle weight, improves energy efficiency, and enables seamless integration with advanced driver-assistance systems (ADAS). X-by-Wire systems eliminate the need for mechanical linkages, offering enhanced reliability, reduced maintenance, and improved vehicle dynamics.
The push for safer and more sustainable mobility solutions, coupled with stringent safety regulations, is propelling the adoption of X-by-Wire technologies. As automakers strive to meet the demands of connected and autonomous vehicles, the X-by-Wire industry is set to witness exponential growth.
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Key Drivers:
- Growth of Autonomous and Electric Vehicles:
X-by-Wire systems are essential for autonomous vehicle functionality and electric vehicle optimization. - Weight Reduction and Energy Efficiency:
Replacing mechanical systems with electronic ones reduces vehicle weight, enhancing efficiency and range. - Stringent Safety Regulations:
Regulatory mandates for safer vehicles drive the adoption of fail-safe and precise X-by-Wire systems. - Integration with Advanced Driver-Assistance Systems (ADAS):
X-by-Wire technologies enable smoother integration of ADAS features, improving driving safety and convenience. - Technological Advancements:
Innovations in sensors, actuators, and control systems enhance the performance and reliability of X-by-Wire solutions.
Key Takeaways:
- Steering-by-wire and brake-by-wire systems are leading segments, driven by their critical role in autonomous driving.
- The electric vehicle (EV) segment is a major growth area, as X-by-Wire systems complement EV architecture.
- Asia-Pacific is emerging as a key Industry, driven by rapid adoption of EVs and advanced automotive technologies.
- Automakers are increasingly focusing on redundancy and cybersecurity to ensure reliability and safety in X-by-Wire systems.
- The industry is leveraging advancements in AI and IoT to enable predictive maintenance and real-time monitoring
Competitive Landscape
Over the past few years, an increment in the number of joint ventures and expansion activities has been witnessed to improve the supply of X-by-wire. Several key players are also focusing on improving the efficiency of X-by-wire for various applications. The emergence of various manufacturers had also been witnessed in global businesses, especially in China, USA. and India.Continental AG; Kongsberg Automotive; Curtiss-Wright Corporation; ZF Friedrichshafen AG; Nissan Motor Co., Ltd.; Robert Bosch GmbH; SKF AB; Denso Corporation; Ficosa International SA; ThyssenKrupp AG; Orscheln Products LLC; KSR International Co.; DURA Automotive System; LORD Corporation; Mobil Elektronik GmbH; JTEKT Corp.
For Instance,
- In November 2017, Denso Corporation and NEC platform agreed on a new joint venture, DENSO NEXT CO., LTD. to develop necessary connecting technologies for cars
- In 2016, Nissan Motor Co., Ltd. acquired the French software development company, Sylpheo, to accelerate the expansion of its connected vehicle and mobility services programs.
The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
Global X-by-wire market by Category
By Technology:
- Throttle-by-wire
- Shift-by-wire
- Brake-by-wire
- Suspension-by-wire
- Park-by-wire
By Vehicle Type:
- Passenger Car
- Commercial Vehicle
By Region:
- North America
- Western Europe
- Eastern Europe
- Latin America
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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